Sinopec and Sibur (Moscow) today confirmed their previously announced plans to form a synthetic rubber joint venture at Sibur’s Krasnoyarsk Synthetic Rubber Plant (KZSK). Sinopec purchased 25% plus one share of KZSK, under the terms of the deal, which was approved by Russian and Chinese regulators. The jv was signed by Dai Houliang, senior v.p. at Sinopec, and Vladimir Razumov, executive director at Sibur, during Sinopec’s visit to Russia. “This joint venture is representative of Sibur’s continuing relationship...